In most circumstances, your vehicle is worth a lot less the second you drive it off the lot. Protect the investment made in your vehicle with GAP.

GAP - Guaranteed Asset Protection

Are you ready to add GAP to your vehicle? Contact us to get started.


Guaranteed Asset Protection, or GAP, is a voluntary, non-insurance program offered as protection on a new or used vehicle that is financed or leased. It is a supplemental benefit that enhances, rather than replaces, your standard comprehensive, collision, or liability coverage. GAP waives the difference between your primary insurance carrier’s settlement and the payoff of your loan.1 In other words, it protects the “gap” between.


Imagine if your one-year-old financed vehicle is totaled beyond repair.


Depending on where you live, the established market value of your vehicle could be less than the actual balance you owe. In the event of a total loss or theft, GAP waives the difference between how much you owe on the loan and the car's actual cash value, in the event of an insured loss. 2

Your loan balance is
Your insurance company settlement is
      based on your vehicle’s market value
      less your insurance deductible
Total amount you owe without GAP
Total amount you owe with GAP

GAP disclosures

Your purchase of GAP is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement, you have with us. We will give you additional information before you are required to pay for GAP. This information will include a copy of the GAP Waiver Addendum which will contain the terms and conditions of GAP benefit. GAP eligibility requirements, conditions, and exclusions There are eligibility requirements, conditions and exclusions that could prevent you from receiving GAP benefits. You should carefully read your GAP Waiver Addendum form for a full explanation of the benefits, rules, terms and conditions of the program. This document is not a contract. GAP is a loan/lease deficiency waiver and is not offered as insurance coverage.

1 Subject to limitations and exclusions including a maximum loan-to-value limitation which may cap the benefit you receive
2 Not available in NY or AK

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